3 ms·
Exactly, that's why we will include some graphs about the state of the market so people can figure out their prices
by luisivan 13y ago
Exactly, that's why we will include some graphs about the state of the market so people can figure out their prices
- bachback 13y agoThe NYSE processes millions of orders per second, MtGox hundreds per second. So you have machines which work over a protocol (FIX) to establish the price mechanism. In a exchange system there are limit orders and the limit orderbook. You basically have a timestamp problem, which is kind of prependicular to the bitcoin system. At every point t in time, there is a fair value of BTC-USD. And a system which solves that problem will be highly centralized, by definition. So unless you come up with a new system for processing limit orders, people will be arbitraging between a slower system and MtGox, Bitstamp, etc.
- luisivan 13y agoWe know, you cannot get informed of every single trade made because of the P2P architecture. But you can still use the exchange if there are enough trades that you are informed of!
- bachback 13y agoWhat problem you are actually wanting to solve? I don't see why I would use a slower system. waiting can be very costly if the price is moving against you. you need quick traders to provide liquidity. which is what you will find if you get users onto such a system. the high volume traders won't like it. I think there is actually room to reinvent the worldwide exchange system.